Inequality

    Papers & Opinions


    Paper


    Posted on 22 November 2021

    We examine why rational voters support risky “policy gambles”, even when detrimental to welfare, over maintaining a safe status quo. We present a model of electoral competition with two groups...

    Paper


    Posted on 12 July 2021

    Motivated by the recent rise of populism in western democracies, we develop a tractable equilibrium model in which a populist backlash emerges endogenously in a strong economy. In the model,...